In the October 2007 Marketimer, Bob Brinker said: ".......we see the potential for the S&P 500 Index to rise at least into the mid-1600's range next year.....During August and September there were 18 buying opportunities, consisting of 15 market days on which the S&P 500 Index closed within the 1430 to 1470 range........"
Interestingly, October 9, 2002 is the anniversary of the bear market low of the 2000-2002 bear market. Could today possibly become the anniversary of the end of the 2008 bear market? We shall know in the "fullness of time."
Three things we now know for certain:
1. Bob Brinker's timing model did not even suspect the bear market was approaching.
2. Bob Brinker has remained 100% invested in his Model Portfolios during this bear market and so has any Marketimer subscribers or Moneytalk listeners who have followed his advice.
3. Bob Brinker has called several stock market bottoms in 2008 -- none of which were correct.
Kirk Lindstrom wrote that the average bear market decline is about 30%, and that we are currently down 38% in the S&P; 37% in the Dow; and 40% in the Nasdaq.
jumpnjoey said...Will L, a long-time Bob Brinker expert and historian, wrote:
S&P dropped another 7.6%.
Dow dropped 7.3%.
Nasdaq dropped another 5.5%
Oil dropped 5%
It seemed to be panic selling in the last hour. They're calling it a "cascading waterfall" on CNBC. Wonder if Bob Brinker's piano player has been taken out yet?
I know most investors don't feel much like laughing today, but SeaBiscuit has a Brinker-Shave for us:
Just put the bear
For you, signor!